From the City’s announcement page:

The City of Laurel is proud to announce the launch of its First-Time Homebuyer Assistance Program, designed to provide financial support to first-time homebuyers looking to purchase a home within the city limits of Laurel, Maryland.

Through this initiative, the City of Laurel has allocated $60,000 from its FY2025 budget to offer $5,000 grants to 12 qualified first-time homebuyers. These grants can be used to assist with down payments or closing costs on a single-family home, townhouse, or condominium within the city limits.

Key Eligibility Requirements:

  1. Homebuyers must settle on an eligible home between October 1, 2024, and June 30, 2025.
  2. The purchased home must be located within the City of Laurel.
  3. Applicants must occupy the home as their primary residence within 60 days of settlement and for at least three years.
  4. The household income of all owners must not exceed $100,000 at the time of settlement.

See more details on the announcement page and, soon, on Department of Economic Development page.